Did you know that hydrogen is the only fuel that can completely decarbonize every part of the economy? As one of the world’s major hydrogen producers, Canada is an emerging innovation in the renewable energy sector. Canada is already one of the top 10 global hydrogen producers and, with many years of research and development, a leader in innovative hydrogen and fuel cell technologies. Global investors can choose from a wide range of production processes and end uses, including energy for home and industry, and fuel cells for transportation.
Hydrogen fuel technologies are not new, though with renewed attention growing both nationally and on an international stage, there is increased willingness to overcome challenges—and with one of the world’s most educated workforces, the opportunities for growth and investment are extremely promising. Canada is one of the world’s largest hydrogen producers and a top destination for hydrogen-related investment, attracting more than CAD$67bn in FDI in the last five years. Here are six reasons why you, too, should invest in Canada’s hydrogen industry.
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